Economics – May 26

Speed of subprime bust surprises lenders
Jerome a Paris: Housing prices collapse
Couple learn the high price of easy credit
The end of the dream

Relocalization: A strategic response to peak oil and climate change

The case for relocalization will be made in the context of responding sensibly to two problems facing societies right now: climate change and peak oil and gas. Relocalization advocates rebuilding more balanced local economies that emphasize securing basic needs.